Market Overview

– With 10th August rapidly approaching, there are many UK buyers and Technical Managers who are still waiting nervously on the DEFRA statement to clarify what has been verbally confirmed previously reference the 0.2mg/kg transitional MRL on chlorpyrifos

– There is nothing but good news at this stage on the developing Bulgarian new crop with a better crop expected than this year and clearly the weather over the next 2-3 months is key to this being delivered.

Market Overview

– With still no clear sign either way that the Turkish government will or will not “intervene” into the new season, even with an expected smaller new crop, origin prices in Turkey are drifting downwards towards the harvest in August.

– You will no doubt have been reading about Chlorpyrifos over the past few months – both in this report and elsewhere, and in the past few weeks this situation for the UK at least, appears to have been resolved, to some larger extent.